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Dalmia Bharat Limited (DALBHARAT.NS)

INR1,824.70 +63.00 (+3.58%)
IN NSE Basic Materials Construction Materials
Address Hansalaya Building 110001
New Delhi, IN
CEO Puneet Yadu Dalmia
IPO 2018-12-21
ISIN INE00R701025

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Also trades on Bombay Stock Exchange · DALBHARAT.BO (INR) National Stock Exchange of India · DALBHARAT.NS (INR)
Description

Dalmia Bharat Limited, an Indian enterprise, specializes in the production and sale of clinker and a diverse range of cement products. Serving both individual consumers and institutional clients, its cement offerings include Portland slag, pozzolana, composite, ordinary, and specialty types, distributed under prominent brands like Dalmia Cement, Konark Cement, and Dalmia DSP. The company also extends its operations into refractory products, solutions, and services, alongside interests in sugar manufacturing, power generation, and management consulting. Established in 1939, the firm, headquartered in New Delhi, India, was previously known as Odisha Cement Limited before adopting its current name in April 2019.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,824.70 +63.00 (+3.58%)
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Volume Profile
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Liquidity & share structure
Average Volume
338.2K
Beta
0.13
Float Shares
74.19M
Free Float %
39.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.33% -10.63% -9.69% -18.11% -12.68% -16.56% -10.24% -14.58% +4.54% +251.04% +2,239.17%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,824.70
Ratings Trend (MoM) 70% Bullish
Rating 2026-05 Change
Strong Buy 6 -1
Buy 17 0
Hold 7 -1
Sell 2 -1
Strong Sell 1 0
Quality scores
Altman Z-Score
2.07
Grey zone
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Construction Materials: +2.8%
    +5.9% Q1'26: +3.8% (vs Q1'25)
  • EPS growth Construction Materials: +14.1%
    +66.8% Q1'26: -10.8% (vs Q1'25)
  • FCF margin FCF growth · Construction Materials: +32.9%
    +2.1% Q1'26: -10.7% (vs Q1'25)
  • EBIT margin Construction Materials: +9.5%
    +11.7% Q1'26: +12.7% (vs Q1'25)
  • ROIC Construction Materials: +5.1%
    +6.9% Q1'26: +9.5% (vs Q1'25)
  • Share dilution Construction Materials: +0.0%
    +0.0% Q1'26: -0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Construction Materials: 0.56×
    2.40× Q1'26: 2.05× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.20) × ERP
WACC = 82% × Ke + 18% × Kd (6.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1,824.70
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
33 Rev. Ana.
21 EPS Ana.
Mar 2027
36 Rev. Ana.
26 EPS Ana.
Mar 2028
36 Rev. Ana.
28 EPS Ana.
Mar 2029
11 Rev. Ana.
9 EPS Ana.
Revenue
22.89B
est: 33.72B (-32.1%)
27.30B
est: 62.53B (-56.3%)
74.47B
est: 73.20B (+1.7%)
85.80B
est: 85.25B (+0.6%)
94.84B
est: 94.74B (+0.1%)
96.74B
est: 99.14B (-2.4%)
101.10B
est: 103.13B (-2.0%)
112.86B
est: 113.44B (-0.5%)
135.52B
est: 134.93B (+0.4%)
146.91B
est: 146.85B (+0.0%)
139.80B
est: 143.47B (-2.6%)
150.52B
147.55B – 163.80B
+4.9% YoY
163.55B
157.96B – 172.27B
+8.7% YoY
180.07B
169.70B – 189.46B
+10.1% YoY
196.08B
195.66B – 196.49B
+8.9% YoY
EBITDA
3.85B
est: 7.19B (-46.5%)
5.49B
est: 13.34B (-58.8%)
19.00B
est: 15.61B (+21.7%)
20.33B
est: 18.19B (+11.8%)
23.64B
est: 20.21B (+17.0%)
24.57B
est: 11.58B (+112.3%)
29.18B
est: 13.66B (+113.6%)
25.92B
est: 16.30B (+59.0%)
24.76B
est: 17.99B (+37.6%)
27.68B
est: 28.97B (-4.4%)
24.78B
est: 28.26B (-12.3%)
29.69B
29.11B – 32.31B
+5.1% YoY
32.26B
31.16B – 33.98B
+8.7% YoY
35.52B
33.48B – 37.37B
+10.1% YoY
38.68B
38.60B – 38.76B
+8.9% YoY
EBIT
2.25B
est: 3.79B (-40.6%)
3.43B
est: 7.02B (-51.1%)
11.63B
est: 8.22B (+41.5%)
12.40B
est: 9.57B (+29.5%)
10.68B
est: 10.64B (+0.4%)
9.80B
est: 6.80B (+44.0%)
17.21B
est: 5.31B (+224.1%)
14.01B
est: 6.34B (+121.1%)
12.14B
est: 6.99B (+73.6%)
13.30B
est: 14.93B (-10.9%)
12.16B
est: 14.57B (-16.5%)
15.30B
15.00B – 16.65B
+5.1% YoY
16.63B
16.06B – 17.51B
+8.7% YoY
18.31B
17.25B – 19.26B
+10.1% YoY
19.94B
19.89B – 19.98B
+8.9% YoY
Net Income
1.16B
est: 189.03M (+511.7%)
2.44B
est: 2.87B (-14.9%)
540.00M
est: 2.86B (-81.1%)
2.92B
est: 6.12B (-52.3%)
3.08B
est: 2.73B (+12.9%)
2.24B
est: 3.24B (-31.0%)
11.71B
est: 2.06B (+468.9%)
8.16B
est: 2.46B (+232.3%)
10.35B
est: 2.71B (+281.9%)
8.26B
est: 8.38B (-1.4%)
6.83B
est: 6.88B (-0.8%)
11.40B
10.44B – 14.35B
+65.6% YoY
11.72B
8.42B – 14.23B
+2.8% YoY
14.09B
9.49B – 18.16B
+20.2% YoY
16.98B
13.14B – 23.69B
+20.6% YoY
SGA
5.54B
est: 9.84B (-43.7%)
7.21B
est: 18.24B (-60.5%)
8.57B
est: 21.36B (-59.9%)
24.48B
est: 24.87B (-1.6%)
27.52B
est: 27.64B (-0.4%)
27.88B
est: 26.09B (+6.9%)
28.57B
est: 34.17B (-16.4%)
32.76B
est: 40.77B (-19.7%)
38.06B
est: 45.00B (-15.4%)
43.11B
est: 44.62B (-3.4%)
43.57B
est: 43.53B (+0.1%)
45.74B
44.83B – 49.77B
+5.1% YoY
49.70B
48.00B – 52.35B
+8.7% YoY
54.72B
51.57B – 57.57B
+10.1% YoY
59.58B
59.45B – 59.71B
+8.9% YoY
EPS
20.32
est: 1.01 (+1,915.9%)
42.85
est: 15.28 (+180.4%)
2.81
est: 15.26 (-81.6%)
15.18
est: 32.64 (-53.5%)
15.98
est: 14.55 (+9.8%)
11.61
est: 14.20 (-18.3%)
62.55
est: 42.13 (+48.5%)
43.17
est: 55.12 (-21.7%)
55.43
est: 49.86 (+11.2%)
44.15
est: 44.63 (-1.1%)
36.42
est: 36.56 (-0.4%)
61.29
55.67 – 76.51
+67.6% YoY
59.02
44.90 – 75.85
-3.7% YoY
75.13
50.59 – 96.83
+27.3% YoY
95.17
70.04 – 126.34
+26.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B 3/5 1/5 4/5 4/5 2/5 2/5 3/5
2026-05-11 B 3/5 1/5 4/5 4/5 2/5 2/5 3/5
2026-05-08 B 3/5 1/5 3/5 5/5 2/5 2/5 3/5
2026-05-07 B 3/5 1/5 3/5 5/5 2/5 2/5 3/5
2026-05-06 B 3/5 1/5 3/5 5/5 2/5 2/5 3/5
2026-05-05 B 3/5 1/5 3/5 5/5 2/5 2/5 3/5
2026-05-04 B 3/5 1/5 3/5 5/5 2/5 2/5 3/5
2026-04-30 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-29 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-2.98B
OE per share TTM
-16.41
Owner's Yield
-0.90%
Maintenance CapEx ratio
4.27%
Maint CapEx / Avg PPE
112.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 24 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard Emerging Markets Ex-China ETF VEXC 0.02% 41.0K 0.07%
2 Schwab Emerging Markets Equity ETF SCHE 0.01% 1.71M 0.06%
3 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.01% 756.6K 0.17%
4 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.01% 756.6K 0.17%
5 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.01% 370.5K 0.26%
6 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.01% 164.3K 0.48%
7 Vanguard FTSE Emerging Markets ETF VWO 0.01% 18.28M 0.06%
8 Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX 0.01% 66.8K 0.40%
9 Vanguard ESG International Stock ETF VSGX 0.00% 251.4K 0.10%
10 Vanguard All-World ex-US Shares Index ETF VEU.AX 0.00% 144.1K 0.04%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.92M
Shares Outstanding
187.57M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Gautam Dalmia MD & Executive Director 235M male
Puneet Yadu Dalmia MD, Chief Executive Officer & Executive Director 214M male
Kailash Chand Birla Head of Projects & Senior Executive Director male
Manu Sood Chief Digital & Information Officer male
Rajeev Kumar Company Secretary & Compliance Officer male
Rajiv Kumar Choubey Senior Executive Director, Group General Counsel & Chief Risk Officer male
Sujit Ghosh Head of New Product Development at DCBL
Dharmender Tuteja Chief Financial Officer & Senior Executive Director male
Udaiy Khanna Senior Executive Director, Head of Human Resources & Chief Human Resources Officer male
Ganesh Wamanrao Jirkuntwar National Manufacturing Head of DCBL male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits